State selects Goldman Sachs to oversee JT sale

15 Jun 2005

The Jordanian government has appointed Goldman Sachs as financial advisor for the sale of its 41.5% stake in Jordan Telecom. Goldman Sachs beat Citigroup, Morgan Stanley and Deutsche Bank to the contract. The privatisation of the telco is part of wide-ranging plans to open up Jordan’s telecoms sector; the country’s fixed line market was fully liberalised in April.

Jordan, Orange Jordan